KYC Portal may have started as a side project, but its massive success has made it into a leader in the client onboarding market.
Cryptocurrency exchange Digitex will no longer do know your customer (KYC) checks on its users after personal data of more than 8,000 customers was recently stolen.
The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.
Onboarding clients can be a time-consuming and risky process. That’s what Remonda Kirketerp-Møller’s RegTech startup aims to change.
The coronavirus has changed the entire dynamic for how businesses stay compliant with people working remotely more than ever.
Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.
Socure, provider of digital identity verification and fraud solutions, has been valued at $4.5bn following an oversubscribed $450m funding round.
Dutch online bank Knab prides itself on supplying a human service backed by the latest technology. To that end, it has just teamed up with biometrics company iProov.
IDnow, the identity verification company, has launched KYC Insider, a free information service on regulatory changes around know-your-customer and digital identities in Europe.
Financial crime compliance solutions provider FICO has entered into a partnership with Arachnys, the client onboarding risk management RegTech firm.